Core Viewpoint - The report outlines the fundraising and usage status of Beijing Tongyi New Material Technology Co., Ltd. for the year 2024, confirming compliance with regulatory requirements and detailing the management of raised funds [1][4]. Fundraising Overview - The total amount raised was RMB 28,434,585.23, with a net amount of RMB 224,877,231.77 after deducting issuance costs [1]. - As of December 31, 2024, the remaining balance of the raised funds was RMB 154.04 million, after accounting for total usage and interest income [1][3]. Fund Management - The company established a specific management method for the raised funds, ensuring they are stored in dedicated accounts and used according to regulatory guidelines [1][2]. - A tripartite supervision agreement was signed with the underwriting institution and the bank for the management of the raised funds [1][2]. Actual Usage of Funds - The funds were allocated to three main projects: 1. Annual production of 4,060 tons of ultra-high molecular weight polyethylene fiber industrialization project (Phase II) 2. Bulletproof non-woven fabric and products industrialization project 3. High-performance fiber and advanced composite materials technology research center [2][3]. - The total amount used from the raised funds during the reporting period was RMB 4,698.06 million, with cumulative usage reaching RMB 20,997.87 million [1][5]. Project Completion and Surplus Funds - The "Bulletproof Non-woven Fabric and Products Industrialization Project" was completed by June 30, 2024, resulting in an estimated surplus of RMB 1,553.36 million [2][3]. - The "High-performance Fiber and Advanced Composite Materials Technology Research Center" project was completed by December 31, 2024, with a remaining balance of RMB 154.04 million, leading to a minimal surplus of RMB 0.94 million [3]. Compliance and Audit - The report was prepared in accordance with the relevant regulatory guidelines, and the accounting firm confirmed that the report fairly reflects the fundraising and usage status [4]. - The underwriting institutions also verified that the company complied with all regulations regarding the management and usage of raised funds, with no violations reported [4].